News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Dutch buyouts under pressure after key court ruling

Apax Partners and a Dutch publishing group acquired by the UK buyout firm in 2004 have decided not to appeal a highly critical court ruling that could place pressure on management teams considering LBOs

Leveraged buyouts in the Netherlands look set to be subject to increased scrutiny as it has emerged that European private equity firm Apax Partners and Dutch publishing group PCM Uitgevers are not planning to appeal a controversial court ruling on such deals.

In May, Amsterdam's Enterprise Court criticised the conduct of the PCM management team in relation to Apax's buyout of the business in 2004 and subsequent ownership until 2007.

WSJ Logo